Huu Minh
Women CEO indexes
There are only two Women CEO indexes in the world.
2013, BeQ Holdings/IFRC Vietnam VNX Women CEO Indexes Series
VNX WOMEN CEO index is a AllShares index with all listed companies in the Ho chi Minh and Hanoi Stock Exchanges which are managed by women CEO.
VNX WOMEN CEO 10 index and VNX WOMEN CEO 25 are Tradable indexes in selecting Top companies in term of free float capitalization and liquidity suitable for index products (Futures, ETF).
They were launched in 2013, their history is recalculated backwards from 2008-12-31, and are available in Price version, and Total Return version (including dividends), and converted in several currencies (VND, USD, EUR, and JPY).
Their performances are impressive in comparison with the national indices calculated by the Vietnamese Stock Exchanges, such as VNI or HNX Indexes.
Investors look first at the performance/risk pair. With a historical volatility very close to that of VNI index, around 20% per year, the WOMEN CEO indices, and especially WOMEN CEO 10 and WOMEN CEO 25, largely outperform the VNI index, with an average of 20% per year, i.e. a return difference more than 10% per year.
In addition, over the more turbulent recent period 2020-2023, their cumulative return is about 80%, much higher compared to 6% of the VNI national index.
This year, we will extend these Women CEO indexes to the Women OnBoard indexes by selecting companies with a significant percentage of women executives and on the board of directors for Vietnam, and duplicate this model to other ASEAN countries (Singapore, Thailand, Indonesia, Malaysia, and Philippines) and other major financial stock Markets in Asia (Japan, Korea, China).
2021, Hypatia Women CEO Index
The Hypatia Women CEO Index℠ (HWCEO), designed by Hypatia Capital Management LLC and created in 2021, measures the performance of publicly traded securities that have female Chief Executive Officers
ESG scores and data are widely available for international listed companies because they are mandatory in annual reports. They are not yet for Vietnam, which explains the difficulty of obtaining this current and historical data. Developing the Women On Board or Leadership indexes must first go through the construction of a database of these data which are currently absent in Vietnam.
Women Leadership Indexes
2012, The FTSE Women on Boards Index was launched by FTSE Russell,
The index tracks the performance of companies listed on the London Stock Exchange that have achieved gender diversity on their boards of directors. To be included in the index, companies must have at least 30% of their board positions held by women.
The launch of the FTSE Women on Boards Index was a response to the UK government’s call for more gender diversity in corporate boardrooms. The index has become a widely recognized benchmark for companies seeking to improve their gender diversity policies and practices. In 2018, the UK government announced that it would require all companies listed on the London Stock Exchange to disclose their gender pay gap and the gender composition of their boards of directors.
The FTSE Women on Boards Index is updated annually and has been expanded to include similar indices for other regions, including the FTSE All-World Women on Boards Index and the FTSE Women on Boards Leadership Index, which tracks the performance of companies with women in CEO and CFO roles.
2014, Pax Ellevate Global Women’s Leadership Fund
This fund invests in companies that demonstrate gender diversity in their leadership teams, including at the board and executive levels.
The Pax Ellevate Global Women’s Leadership Fund was launched in 2014 by Pax World Funds and Ellevate Asset Management, an investment firm focused on promoting gender diversity and inclusion. The fund invests in companies that prioritize gender diversity and have a high proportion of women in leadership roles, including in senior management and on their boards of directors.
The launch of the Pax Ellevate Global Women’s Leadership Fund was a response to the under-representation of women in leadership roles in corporate America and the lack of investment options that prioritize gender diversity and inclusion. The fund aims to provide investors with a way to invest in companies that are making progress towards gender diversity and inclusion in their corporate governance and leadership practices.
The Pax Ellevate Global Women’s Leadership Fund is actively managed and includes companies from a range of sectors and regions. The fund has become an important investment option for investors seeking to align their investments with their values and promote gender diversity and inclusion in corporate America.
2014, Barclay’s Women in Leadership Index
Barclays Women in Leadership Index was launched by Barclays Bank in 2014. The index is designed to track the performance of companies with higher gender diversity and inclusion in their senior leadership positions.
The launch of the Barclays Women in Leadership Index was a response to the growing interest of investors in socially responsible investment options and the increasing demand for companies to address gender diversity and inclusion in their senior leadership positions.
The index is composed of companies listed on the Russell 3000 Index, a broad-based index of US stocks. The companies included in the index are screened based on criteria related to gender diversity, including the proportion of women on the board of directors and in senior leadership positions. The index is updated annually and provides investors with an investment option that prioritizes gender diversity and inclusion in senior leadership positions.
Product : Barclay’s Women in Leadership ETN: This exchange-traded note invests in a basket of companies with women in senior leadership roles, including CEOs, CFOs, and board members.
2014, The S&P/ASX 200 Women Leaders Index
The index is designed to track the performance of companies listed on the Australian Securities Exchange (ASX) that have a female CEO, chairperson, or non-executive director. The index includes companies from a range of sectors, including financials, healthcare, and consumer goods.
The launch of the S&P/ASX 200 Women Leaders Index was a response to the under-representation of women in leadership roles in Australia’s corporate sector. The index aims to highlight companies that are making progress towards gender diversity and encourage other companies to follow suit. The index has become an important benchmark for investors seeking to invest in companies that prioritize gender diversity and inclusion.
The S&P/ASX 200 Women Leaders Index is updated quarterly and is part of a broader suite of gender diversity indices offered by S&P Dow Jones Indices. These indices include the S&P/ASX All Technology Index and the S&P/ASX 300 Women Leaders Index, which tracks the performance of the top 300 companies listed on the ASX with women in senior leadership positions.
2016, Bloomberg Gender-Equality Index
This index includes companies that have demonstrated a commitment to gender equality through their policies, practices, and transparency.
2016, State Street Global Advisors (SSGA) launched its Gender Diversity Index
The index is designed to track the performance of companies that have a high proportion of women in leadership positions and have demonstrated a commitment to gender diversity and inclusion in their corporate governance and leadership practices.
The launch of the Gender Diversity Index was a response to the growing demand from investors for more socially responsible investment options. SSGA, which is the asset management arm of State Street Corporation, is a leader in the field of gender diversity and has been a vocal advocate for greater gender diversity in corporate America. The Gender Diversity Index is part of SSGA’s broader efforts to promote gender diversity and inclusion in the companies in which it invests.
The Gender Diversity Index is based on the S&P 500 Index, which includes the 500 largest publicly traded companies in the US. To be included in the Gender Diversity Index, companies must meet certain criteria related to gender diversity and inclusion, such as having a high proportion of women on their boards of directors and in senior leadership roles. The index is updated annually and has become an important benchmark for investors seeking to invest in companies that prioritize gender diversity and inclusion.
2017, The MSCI Women’s Leadership Index
a global provider of investment decision support tools and services. The index is designed to track the performance of companies that have strong gender diversity policies and practices and that have a high proportion of women in leadership roles. To be included in the index, companies must have at least three women on their boards of directors or have a female CEO.
The launch of the MSCI Women’s Leadership Index was a response to the growing demand from investors for more socially responsible investment options. The index aims to provide investors with a way to invest in companies that prioritize gender diversity and inclusion in their corporate governance and leadership practices.
The MSCI Women’s Leadership Index is updated quarterly and includes companies from a range of sectors and regions. The index has become an important benchmark for investors seeking to invest in companies that prioritize gender diversity and inclusion. In addition to the Women’s Leadership Index, MSCI also offers a range of other ESG (Environmental, Social, and Governance) indices designed to help investors integrate sustainability and social responsibility factors into their investment decisions.
2017, The Solactive Global Gender Diversity Index
a German index provider, in 2017. The index is designed to track the performance of companies that prioritize gender diversity and inclusion in their corporate governance and leadership practices. To be included in the index, companies must have a high proportion of women in leadership roles, as well as strong policies and practices related to gender diversity and inclusion.
The launch of the Solactive Global Gender Diversity Index was a response to the growing demand from investors for more socially responsible investment options. The index aims to provide investors with a way to invest in companies that prioritize gender diversity and inclusion in their corporate governance and leadership practices.
The Solactive Global Gender Diversity Index is updated annually and includes companies from a range of sectors and regions. The index has become an important benchmark for investors seeking to invest in companies that prioritize gender diversity and inclusion. In addition to the Global Gender Diversity Index, Solactive also offers a range of other ESG (Environmental, Social, and Governance) indices designed to help investors integrate sustainability and social responsibility factors into their investment decisions.
